CRA & CARL
Community Reinvestment Act (CRA) Mission Statement
Allegheny Valley Bank is committed to our community. It is our desire to extend credit within the communities we serve and participate in community development programs designed to meet the needs of all community members, including those in low and moderate-income areas.
- We will actively seek to understand the credit needs of our community.
- We will actively strive to ensure that our products and services are responsive to the needs of the customers within our community.
- We will actively strive to ensure that all potential customers in our community, including those in low- and moderate-income areas, are fully aware of the services we offer and of our desire to serve their financial needs.
- We will actively work to ensure that our personnel understand and share the Bank's commitment to providing service to all of our customers and are provided with the knowledge, products, delivery systems, and motivation to do so effectively.
CRA Product: Community Acquisition and Rehabilitation Loan Program (CARL)
Allegheny Valley Bank, in concert with the Pittsburgh Community Reinvestment Group (PCRG) and the Urban Redevelopment Authority (URA), has developed a lending program to provide financial and technical assistance to homebuyers looking to acquire and rehabilitate properties in the City Of Pittsburgh.
Through the CARL program, Allegheny Valley Bank provides low interest rate loans on both acquisition and rehabilitation funds. The CARL program helps address the issue of vacant and foreclosed properties in Pittsburgh.
For more information about the CARL program, please contact George Arendas, Vice President – Managing Director of Retail Delivery and CRA Officer.